Relaxo Payroll Solution Implementation
3
Better Compliance in Less Payroll Administrative Cost | Payroll Insights Case Study “ Payroll Insights enabled us in attaining better performance with less effort and compliance through automation – Farsight migrated our earlier payroll data in the solution and we are able to generate Form-16, Form-5 etc. directly from the system. Web based Employee Self Service portal (ESS) has also increased the productivity of HR as well as of all employees. - Senior General Manager - IT Relaxo Footwear Limited Better Compliance in Less Payroll Administrative Cost
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Transcript of Relaxo Payroll Solution Implementation
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Better Compliance in Less Payroll Administrative Cost | Payroll Insights Case Study
Payroll Insights enabled us in attaining better performance with less effort and compliance through automation Farsight migrated our earlier payroll data in the solution and we are able to generate Form-16, Form-5 etc. directly from the system. Web based Employee Self Service portal (ESS) has also increased the productivity of HR as well as of all employees.
- Senior General Manager - IT Relaxo Footwear Limited
Better Compliance in Less Payroll Administrative Cost
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Better Compliance in Less Payroll Administrative Cost | Payroll Insights Case Study
Challenges
Relaxo Footwear was struggling to bring
stronger payroll system within the
organization though the administrative
efforts were high.
Policy implementation for
attendance & leave management
High level of efforts in salary
processing
Lack of transparency in payroll
process leading to employee
dissatisfaction
Statutory concerns due to manual
returns filing
Higher administrative cost due to
higher employee queries, larger
manual work
Proposed Solution
Farsight offers Payroll Insight Enterprise
Edition to automate entire payroll
function which included
Attendance & leave policy
automation with real time
attendance capturing
Implementation of centralized
payroll management tool at head
office for higher control and better
compliances
Capability of interfacing with SAP for
salary accounting
Employee Self Service portal for
transparent salary slip distribution,
reimbursements, leave application,
& employee information
management
Major Benefits
Relaxo Footwear has been reaping
various benefits through seamless
automation of entire payroll function
which includes
100% statutory compliances
automation
Accurate & Timely Payroll Processing
with company standards & policies
Real time attendance capturing from
more than 15 different plants
Implementation of same policies
across the group
Transparent and stronger policy
implementation with attendance &
leave automation across all locations
Access to real time attendance &
leave reports by HR department
Ready MIS reports for management
Higher satisfaction level among
employees at all levels because of
transparent payroll system
Faster arrear computation with a
button of click through increment &
arrear process automation
Seamless payroll process
automation and real time
attendance data fetch from
more than 15 locations for
salary processing.
With Employee Self-Service,
Relaxo saves cost by avoiding
print and distribution of
salary slips. ESS also brings
better control on
absenteeism, yet, higher
employee satisfaction
through transparent system.
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Better Compliance in Less Payroll Administrative Cost | Payroll Insights Case Study
Farsight IT Solutions
Farsight is a leading technology-based HR Solutions Company, founded in 2009
with head quarter in Faridabad, India. Farsight enables organizations in
strengthening HR with tools that automates complex HR processes yet gives
them the simplicity & flexibility to accommodate their each & every business
requirements for employee lifecycle management. We pick clients industry best
HR practices and integrate with high-end technologies to offer unique
competitive advantage.
Farsight specialties are automating HR processes
Recruitment
Workforce Management
Training & Development
Performance Management
Payroll & Benefits
HR MIS/Dashboard
Time & Attendance Management
Products
For More Information
Phone: +91 129 415 7060 || Mobile: +91 958 275 7777
Email: [email protected] || Website: www.farsightitsolutions.com
mailto:[email protected]://www.farsightitsolutions.com/
